SOUTH KOREA: Lotte profits jump 13% on sales gains
South Korean retailer Lotte Shopping has booked a 13% jump in first-quarter profits, boosted by a strong sales and operating performance.
Lotte Shopping
INDONESIA: Wal-Mart in talks over “Matahari partnership”
Wal-Mart Stores is reportedly in talks with Matahari Putra Prima over a possible partnership to develop the Indonesian retailer's hypermarkets.
SOUTH KOREA: Hypermarket earnings boost Lotte FY profits
South Korean retailer Lotte Shopping has booked an increase in full-year profits, driven by "strong" earnings from its department stores and hypermarkets.
INDONESIA: Matahari to retain hypermarket business
Indonesia's largest grocery retailer PT Matahari Putra Prima has announced it will keep its hypermarket business, Hypermart, which had reportedly attracted interest from Wal-Mart Stores and Casino last year.
INDONESIA: “Four firms in running” for Matahari
Indonesian retailer Matahari has said that four firms, including Lotte Shopping, are interested in investing in its hypermarket business, according to reports.
INDONESIA: Wal-Mart, Casino, Lotte “in running for Hypermart”
Wal-Mart Stores, France's Casino and South Korea's Lotte Shopping have all reportedly advanced to the next round of bidding for Indonesian retailer Matahari Putra Prima's hypermarket business. The auction of…
INDONESIA: Wal-Mart “joins bidding” for Hypermart
Wal-Mart Stores has reportedly joined the bidding for Indonesian retailer Hypermart. The US retail giant is expected to compete in an auction for the chain with South Korea's Lotte Shopping…
INDONESIA: Lotte, Carlyle “table bids” for Hypermart chain
South Korea-based Lotte Shopping and private-equity chain Carlyle have reportedly tabled bids for Indonesia retail chain Hypermart. Sources told Reuters today (2 November) that Lotte and Carlyle are among at…
SOUTH KOREA: Lotte Shopping Q3 profits up by a quarter
South Korean retailer Lotte Shopping saw earnings jump by over a quarter in the third quarter of 2010 after operating profit from its hypermarket business more than doubled. Lotte Shopping…
CHINA: Lotte Group to accelerate expansion
The South Korean supermarket giant and department store retailer Lotte Group has revealed a new strategy for the Chinese market, accelerating its expansion in China and announcing it will open…
SOUTH KOREA: Lotte books lift in H1 profits
South Korean retailer Lotte Shopping has reported a 15.3% gain in first-half net income on higher profits from its discount stores. For the six months to the end of June,…
